Valeo Unisia Transmissions: the Company is Operational
5 April 2000
Valeo Unisia Transmissions: the Company is Operational
PARIS--April 4, 2000--in Japan with Unisia Jecs: Valeo Unisia Transmissions
The company is dedicated to the design, development, production and sale of clutches, components and systems for manual and automatic transmissions.
Valeo is the majority shareholder in the joint venture with a 66 % stake. Manufacturing is located at an existing plant with 230 employees in Atsugi-Shi, near Tokyo.
Commenting on the final signing, Noel Goutard, Chairman and CEO of Valeo, stated, "Valeo's first industrial investment in Japan is being implemented as planned. This comes at just the right time, since Japanese vehicle sales are on the upswing. Our other investment plans in this country are progressing rapidly."
Valeo is a world leader in transmissions. The Group's Transmissions activity generated 630 million euros in sales in 1999. It currently has 22 production plants worldwide, including in South Korea, India and China. Valeo Unisia Transmissions strengthens the Group's position in Asia in this field.
Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks, and ranks among the world's top automotive suppliers. The Group has 118 plants, 39 R&D centers, 10 distribution centers and employs 51,700 people in 20 countries worldwide.
For more information on the Group and its businesses, please consult our Web site: www.valeo.com